Mohammedulla Khaishgi Sells 4,626 Shares of IBEX Limited (NASDAQ:IBEX) Stock

IBEX Limited (NASDAQ:IBEX) Director Mohammedulla Khaishgi sold 4,626 shares of the firm’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $22.50, for a total transaction of $104,085.00. Following the completion of the sale, the director now owns 216,718 shares in the company, valued at $4,876,155. This represents a 2.09 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Mohammedulla Khaishgi also recently made the following trade(s):

• On Friday, January 24th, Mohammedulla Khaishgi sold 400 shares of IBEX stock. The shares were sold at an average price of $22.50, for a total value of $9,000.00.
• On Tuesday, January 21st, Mohammedulla Khaishgi sold 814 shares of IBEX stock. The stock was sold at an average price of $22.50, for a total value of $18,315.00.
• On Tuesday, November 19th, Mohammedulla Khaishgi sold 1,129 shares of IBEX stock. The stock was sold at an average price of $20.00, for a total transaction of $22,580.00.

IBEX Price Performance

Shares of NASDAQ IBEX traded down $0.14 during midday trading on Monday, reaching $22.15. 102,824 shares of the stock traded hands, compared to its average volume of 125,977. The company’s 50 day moving average is $20.91 and its 200 day moving average is $18.99. IBEX Limited has a one year low of $13.00 and a one year high of $22.53. The stock has a market capitalization of $371.23 million, a PE ratio of 11.72 and a beta of 0.78.

IBEX (NASDAQ:IBEX) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.48 earnings per share (EPS) for the quarter. The business had revenue of $129.72 million for the quarter. IBEX had a return on equity of 22.54% and a net margin of 6.57%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of IBEX. Dimensional Fund Advisors LP lifted its holdings in shares of IBEX by 1.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 199,529 shares of the company’s stock worth $3,228,000 after acquiring an additional 3,052 shares during the last quarter. State Street Corp raised its position in IBEX by 1.2% in the 3rd quarter. State Street Corp now owns 181,035 shares of the company’s stock worth $3,617,000 after purchasing an additional 2,105 shares during the period. Sei Investments Co. lifted its stake in IBEX by 12.1% in the second quarter. Sei Investments Co. now owns 143,812 shares of the company’s stock worth $2,327,000 after purchasing an additional 15,507 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its position in shares of IBEX by 20.4% during the third quarter. Jacobs Levy Equity Management Inc. now owns 85,149 shares of the company’s stock valued at $1,701,000 after buying an additional 14,411 shares during the period. Finally, Victory Capital Management Inc. grew its stake in shares of IBEX by 6.2% during the third quarter. Victory Capital Management Inc. now owns 58,657 shares of the company’s stock valued at $1,172,000 after buying an additional 3,450 shares during the last quarter. 81.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Robert W. Baird raised their price target on IBEX from $23.00 to $26.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, IBEX has an average rating of “Moderate Buy” and a consensus price target of $21.25.

IBEX Company Profile

IBEX Limited provides end-to-end technology-enabled customer lifecycle experience solutions in the United States and internationally. The company products and services portfolio includes ibex Connect, that offers customer service, technical support, revenue generation, and other revenue generation outsourced back-office services through the CX model, which integrates voice, email, chat, SMS, social media, and other communication applications; ibex Digital, a customer acquisition solution that comprises digital marketing, e-commerce technology, and platform solutions; and ibex CX, a customer experience solution, which provides a suite of proprietary software tools to measure, monitor, and manage its clients' customer experience.